Domino's Pizza Posts Revenue Gains on Increased Same-Store Sales
The pizza-restaurant chain reported a profit of $131.1 million, or $3.81 a share, compared with $142 million, or $4.03 a share in the year prior. Wall Street expected $3.95 a share.
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Yahoo
16 minutes ago
- Yahoo
Famed market bear Albert Edwards warns of an 'everything bubble' in US stocks and home prices that could soon pop
Albert Edwards warns of a potential US stock and housing market bubble. Rising interest rates and Japan's fiscal concerns could trigger market corrections, he said. Edwards publishes his notes under Société Générale's "alternative view." Société Générale's Albert Edwards, famed for calling the dot-com bubble leading up to the 2000 crash, is again warning investors of a potentially painful plunge ahead. In his latest note to clients this week, Edwards said US stocks and home prices are in an "everything bubble" that he thinks could soon pop. Stock valuations are indeed steep. The Shiller cyclically-adjusted price-to-earnings ratio sits at 38, one of its highest levels ever, and both the trailing and forward 12-month PE ratios of the S&P 500 are historically high. To Edwards, this doesn't sit well with the fact that long-term interest rates have been on the rise. Rising long-end government bond yields tend to weigh on stock-market valuations as investors can find attractive returns without taking on the high level of risk in the stock market. Yet US stocks have seen a robust rally in recent years, gaining 78% since October 2022 lows. The market's high valuations have kept future estimated equity-market yields low. When stocks are more cheaply valued, they can expect higher future returns, and vice versa. "It is notable how the US equity market has been able to sustain nose-bleed high valuations despite longer bond yields grinding higher," Edwards wrote. "I don't expect it'll be able to ignore it much longer." On housing, Edwards said that the home price-to-income ratio in the US has been virtually flat over the last few years following the pandemic bump, while the ratio has dropped in countries like the UK and France. "The US is the only market in which house price/income ratios have NOT de-rated since 2022 as bond yields have risen. Is the US housing market also exceptional relative to Europe? No, it's nonsense and, in time, investors will come to claim they knew that all along," Edwards wrote. As for what could cause the potential bubbles in US stocks and home prices to burst, Edwards said to watch Japan. "In the wake of the ruling party coalition losing its Upper House majority, concerns in the bond market about the risks of further fiscal easing and high inflation are growing," he wrote. Higher inflation in Japan could mean higher interest rates and a further unwinding of the Japanese yen carry trade, in which foreign investors borrowed cheaply in yen and converted to dollars to buy higher-yielding US assets. In 2024, the Bank of Japan unexpectedly hiked rates, roiling global markets as investors liquidated assets they had bought with borrowed yen. In May, Edwards warned rising interest rates in Japan could cause a "global financial Armageddon." Edwards publishes his notes, which regularly express a bearish outlook, under Société Générale's "alternative view," separate from the bank's house view. "A lot of clients who totally disagree with me like to read my stuff," he told Business Insider in May. "It's a reality check." Read the original article on Business Insider
Yahoo
an hour ago
- Yahoo
Why you might one day use stablecoins in place of credit cards or bank accounts
If you're buying a new laptop or pair of shoes today, you may encounter a host of payment options: a credit or debit card, PayPal, Apple Pay, or buy now, pay later plans. Soon, you could see another option at checkout: stablecoins. President Trump recently signed the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, establishing federal regulations for stablecoins. Many observers believe that by establishing clear rules, lawmakers have paved the way for cryptocurrency to go mainstream as a means of payment. Even if you've never dabbled in crypto, the new law could change the way you shop, send money, get paid, and bank. What is a stablecoin? Stablecoin is a form of crypto, meaning it's digital money that runs on a blockchain network. But it's a bit different from many mainstream cryptocurrencies. Many popular cryptos like bitcoin and ethereum are notorious for their wild price swings. That volatility makes them popular with investors seeking to profit from those ups and downs. But it also makes them impractical to use as currency. As the name implies, stablecoins are intended to have a stable value. Their value is pegged to the value of another asset, usually the US dollar. For example, one token of tether or USDC (two of the most popular stablecoins) is worth exactly $1. Because its value doesn't have the dramatic highs and lows associated with most cryptos, it's a viable way to pay for goods and services or transfer funds. At the same time, it also avoids a lot of the headaches associated with traditional banking. 'Many traditional cards charge merchants 2% to 3% in fees, a cost that is ultimately passed on to consumers,' said Himal Makwana, senior vice president and head of strategy and new initiatives at Fidelity National Information Services Inc. 'Stablecoin transactions, on the other hand, can cost just pennies regardless of transaction size. For consumers, this means no more waiting days for funds to clear, no more exorbitant fees for sending money abroad, and no more banking hours limiting when you can move your money.' Even before the passage of the GENIUS Act, stablecoins were surging in popularity. Circulation has doubled to about $30 billion in daily transactions over the past 18 months, according to a July 2025 McKinsey & Co. report. But stablecoins still aren't a fixture in consumer payments and spending. They've largely been used for trading into and out of other types of crypto and, to a lesser extent, sending payments across international borders. Read more: Stablecoins go mainstream after Circle's blockbuster IPO. Here's what they do. What's changing under the GENIUS Act? The GENIUS Act is the first major federal law regulating crypto. The CLARITY Act, a second crypto regulation bill, recently won approval from the US House of Representatives. Upon signing the act into law, Trump — whose family owns a stake in World Liberty Financial, which recently launched a stablecoin of its own — said the GENIUS Act 'creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins.' The law establishes who can issue stablecoins and requires a 1:1 reserve backing with cash or short-term US Treasury securities. In other words, if you buy $1 of stablecoin, the issuer must keep $1 in cash or cash equivalents in reserve. It also establishes various marketing rules, like prohibiting issuers from advertising that their stablecoins are federally backed or insured, as well as anti-money laundering regulations. 'The GENIUS Act is a major step toward making stablecoins safer and more widely used,' said Erick McAfee, director of growth at pay-as-you-go app Supertab. 'With clear rules in place, people will start to see faster, simpler ways to pay and get paid, especially online. Over time, this could change how we think about everyday payments, making them feel more like messaging: quick, easy, and reliable.' How the GENIUS Act could affect you The specifics of the GENIUS Act may sound wonky at first blush. But if the law does end up propelling stablecoins into the mainstream, here are a few things you can expect. More merchant acceptance… but what's in it for you? Credit card processing fees can run as high as 3.5%, plus merchants pay a flat fee for each transaction. Meanwhile, traditional payment methods can often take several days to settle. By comparison, stablecoin transactions typically cost less than $0.1 and offer near-instant settlement. Not surprisingly, many businesses are expected to embrace stablecoins and the potential cost and time savings. As a customer, you may not reap many benefits by paying with stablecoin instead of your credit card right away. 'In the short term, there aren't that many advantages to paying with a stablecoin compared to a traditional payment card,' said Mike Hudack, CEO of Sling Money, a fintech company that uses stablecoins to facilitate payment transfers. 'Traditional payment cards have consumer protections that stablecoins don't. This will change over time. There's lots of work going on to address this gap.' It's possible that merchants will find ways to incentivize stablecoin payments. For example, a merchant could pass on a portion of their savings from processing fees by giving you a discount when you pay with stablecoins instead of a credit card. In the long term, you could see retailers issuing their own stablecoins. Both Amazon and Walmart have reportedly toyed with the idea. Doing so would keep customers spending within their ecosystems while also saving retailers money. But the wider benefit to customers isn't entirely clear. Investment banking giant Morgan Stanley compared the prospect to digital prepaid gift cards in a recent report to clients. Essentially, you're giving money to a retailer to hold on to so that you can spend it at a later date. Greater acceptance of micro-payments Credit card processing fees make it prohibitively expensive for businesses to accept micro-payments of a few cents to a few dollars. But micro-payments could gain acceptance if stablecoin usage takes off. 'Before, sending someone a few cents wasn't worth it because the fees were higher than the payment itself,' McAfee said. 'With stablecoin, you can support creators, pay per article or feature, or tip someone instantly, without worrying about cost or delays. It supports entirely new monetization models that reward engagement, not just big purchases.' Faster, cheaper international transfers If you've ever sent funds to loved ones in another country, you're no doubt familiar with the pain points of making international transfers. The World Bank estimates that remittances cost the sender about 6.62% of each transfer, which amounts to about $31 of a $500 transfer. International wire transfers can also take anywhere from one to five days to complete. Wider adoption of stablecoins could be a game-changer for international transfers, given the low costs and speed. Cross-border stablecoin foreign transaction fees are minimal, and transfers can be executed immediately. 'What used to take days and cost $30-plus now takes seconds and costs less than a penny,' Hudack said. Your bank will want in on the action Given the potential disruption to traditional payment rails, major financial institutions are exploring whether to issue their own stablecoins. Bank of America, JPMorgan & Chase, Wells Fargo, and Citigroup have explored the possibility of issuing stablecoins, both independently or by teaming up. But the impact on you and your bank account has yet to be seen. Under the GENIUS Act, stablecoin issuers are banned from paying interest on stablecoins held in reserve. Unlike money you might park in a high-yield savings account and earn 3% or 4% interest on, funds held in stablecoins aren't earning interest. Also, funds held in stablecoins aren't insured by the Federal Insurance Deposit Corp. or the National Credit Union Association. You may not even notice you're using stablecoins If the idea of converting your dollars to stablecoins gives you a headache, rest assured: A lot of the changes you could see as the result of broader stablecoin usage won't require you to understand how stablecoin works. 'At first, stablecoins will just be implemented in the background. Instead of routing through banking rails, your payment might move over a stablecoin network and settle instantly,' Hudack said. 'You won't need to think about 'converting' into stablecoins any more than you think about how Netflix streams video through fiber.' He points to his own platform, Sling Money, as an example: It uses stablecoins to facilitate transfers, but users move money in the same way they would with other platforms. 'The only difference for the end-consumer is that the transaction is near-instant and near-free,' Hudack said. 'But the fundamental physics of stablecoins are different than fiat money and enable a lot of new experiences that aren't otherwise possible.' Sign up for the Mind Your Money newsletter Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
ThinkCareBelieve: Week 27 American Stardom in the Hands of President Trump
Washington, DC, July 26, 2025 (GLOBE NEWSWIRE) -- Link to ThinkCareBelieve's Article: has published an article on Week 27 of America's rise to stardom. America is on a steady upward trajectory in the hands of President Trump. The article covers POTUS's tour of the Federal Reserve this week and made a thorough assessment of the $3.1 Billion renovation project. Winning the AI Race and American Energy Dominance was a big focal point and the White House Action Plan was released this week. "It's time to reclaim our heritage as a nation of builders." Potus told us. The article also goes into the 250,000 additional MLK Jr. documents which have been made available for the public at the National Archives and how DNI Tulsi Gabbard declassified the 2020 House Intelligence Committee report and related documents, which focused on the 2016 election, and released the statement that Obama administration officials manipulated intelligence to falsely claim that Russian interference helped Donald Trump win. "The American People deserve the truth." she stated at a press conference with Press Secretary Karoline Leavitt this week, 'I think it's a disservice to the American people that Former President Obama's office and others who are criticizing the transparency that is being delivered by releasing these documents. They are trying to deflect away from their culpability in what is a historic scandal.' The media has been put on notice to tell the American people the truth. ThinkCareBelieve's article has President Trump's 3 historic trade deals this week with the Philippines, Indonesia, Japan, and Australia is opening it's country up to American beef. The U.S. economy is as strong as ever and the S&P 500 posted its 5th straight record close of the week. All indicators are showing that people are investing like never before. According to Treasury Secretary Scott Bessent, The One Big Beautiful Bill jumpstarted investment that is lifting productivity, wages and living standards. The article has HHS Secretary Kennedy's important announcement of his latest report that hospitals have been doing organ harvesting while people still showed signs of life, particularly during COVID. He says the entire system must be fixed to ensure that every potential donor's life is treated with the sanctity it deserves. The article also covers how the State Department is continuing with its reorg and announced that the U.S. is withdrawing from UNESCO citing that like many organizations, it has strayed from its mission. Many investigations are continuing and we are learning so much. The article covers the extensive developments surrounding Immigration, Border Security and Child and Human Trafficking with Congressional Hearings and probes into NGOs contributing to UnAccompanied Minor Children going missing. The Trump Administration states that the 320,000 number of missing children is probably closer to 450,000, and that ICE, under the Trump Administration has found and rescued 13,000 children so far. Efforts will be intensified with a stronger focus on sanctuary cities, says Border Czar Tom Homan. President Trump is now in Scotland until Tuesday July 29th. He is doing new business with the UK and Europe on America's behalf. He made a signature impressive arrival in The Beast with motorcade. We cannot thank him enough is an outlook. ThinkCareBelieve's mission for Peace advocacy facilitates positive outcomes and expanded possibilities. To achieve Peace, we will find the commonalities between diverse groups and bring the focus on common needs, working together toward shared goals. Activism is an important aspect of ThinkCareBelieve, because public participation and awareness to issues needing exposure to light leads to justice. Improved transparency in government can lead to changes in policy and procedure resulting in more fluid communication between the public and the government that serves them. America needs hope right now, and Americans need to be more involved in their government. ### CONTACT: CONTACT: Joanne COMPANY: ThinkCareBelieve EMAIL: joanne@ WEB: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
